Bitcoin may soon rise to $45,000

The crypto market is in a growth phase. This had a positive impact on both bitcoin and altcoins. BTC has risen in price by 2% per day. The market capitalization is $1.8 trillion.

The efforts of bull traders allowed bitcoin to rise above $42,000. This is a great success, because lately bitcoin has been trading below $40,000.

 

 

The MACD line is positive. The bullish signal can also be seen on the 4-hour BTC/USD chart. This is also a factor in favor of a possible increase in the value of the cryptocurrency. However, if the momentum continues, the digital asset may enter the overbought zone.

If bitcoin rises in price, the next resistance level on the chart is $47164. To overcome it, the support of a wider number of traders is needed. Otherwise, if the initiative is seized by bear traders, the cryptocurrency will again be traded in the region of $40,000.

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CoinShark is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. This article is for informational purposes, prepared on the basis of materials and information from open sources. Cryptocurrency is a high-risk asset, investments in it can lead to losses. Readers should do their own research before taking any action.

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